{
    "fund_name": "Xtrackers Future Mobility UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "confidence": 95,
    "supporting_data": "The ETF uses physical replication (direct purchase of underlying securities) as confirmed in the factsheet. There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The index tracked (Nasdaq Global Future Mobility Index) is a straightforward equity index with ESG screening, and the fund's risk profile (category 6) is consistent with a diversified equity fund. The use of derivatives is limited to efficient portfolio management (e.g., hedging, reducing transaction costs), which does not trigger complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification. The absence of capital protection, structured features, or complex underlying assets (e.g., contingent bonds, CLOs) reinforces this determination."
}